A speaker argues Marx got it backwards: automation is displacing CEOs and executives first, not manual laborers. Electricians and HVAC technicians have rising wages and demand, while AI can already handle complex executive decisions. Moravec's paradox explains why high-skill jobs are easier for machines to automate than physical labor.
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I also think, if I may, Marx was wrong. Look at what's happening. The story that unfolds here is we have the capitalists who are being first in line to be replaced by the automation. It's not the workers. We see booming jobs for electricians and HVAC engineers. Their salaries are booming, and yet CEOs are first up to be replaced. So if anything, I would sort of take Marx off the shelf and replace it with Moravec's paradox, which is again this paradox that tasks that are hard for humans and easy for humans are respectively replaced by easy for machines, hard for machines. Machines are able to do complex calculations, solve math. It's pretty hard for humans. It's going to be easier for the machines to automate away CEO labor, which is sufficiently hard for humans that it's well compensated and relatively scarce commodity to find high-quality CEOs. And yet it'll take a few more years for the machines to do an amazing job at unskilled manual labor.